The article discusses the current market situation for various cryptocurrencies, including Bitcoin, Ethereum, and several altcoins such as Dogecoin, Cardano, and Shiba Inu. Here are some key points from the article:
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Bitcoin (BTC): The price of Bitcoin has been increasing steadily over the past few weeks. The bulls are trying to maintain the price above $20,000, while bears are looking for a break below $19,400.
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Ethereum (ETH): Ethereum’s price is also on an uptrend and is currently trading at around $1,500. Bulls are looking to push the price above $1,600, while bears are waiting for a correction below $1,400.
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Dogecoin (DOGE): Dogecoin has been on a tear lately, with its price increasing by over 100% in recent weeks. The bulls are trying to maintain the price above $0.40, while bears are looking for a break below $0.30.
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Cardano (ADA): Cardano’s price is still struggling to break above $1.16, but if it does, it could lead to a rally to $1.33 and later to $1.50.
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Shiba Inu (SHIB): Shiba Inu’s recovery has hit a wall at the $0.000030 overhead resistance, indicating that bears are selling on rallies. The bulls will need to push the price above $0.000033 for a rally to $0.000039 and later to $0.000046.
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Avalanche (AVAX): Avalanche’s price has made a sharp comeback from $40.40, indicating aggressive buying at lower levels. The bulls are trying to maintain the price above $50, while bears are looking for a break below $45.
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Chainlink (LINK): Chainlink’s price turned up sharply from the 20-day EMA ($22.56) on Dec 11 and broke above the overhead resistance at $27.41 on Dec 12. The bulls have the edge, but the bears will be looking for a break below $27.41.
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Shiba Inu (SHIB): Shiba Inu’s recovery has hit a wall at the $0.000030 overhead resistance, indicating that bears are selling on rallies. The bulls will need to push the price above $0.000033 for a rally to $0.000039 and later to $0.000046.
The article concludes by emphasizing the importance of conducting thorough research before making any investment or trading decisions, as every investment and trading move involves risk.
